99 Kerrs Road, Wiri, Auckland - Manukau

Nestled on the serene cul-de-sac of Kerrs Road, Wiri, Auckland, lies a prime industrial property with immense investment potential. This freehold property, built in 1996 with robust concrete walls and iron roofing in good condition, offers a spacious floor area of 3,110sqm and a generous land area of 4,295sqm. It boasts 38 carparks and is designed to cater to the needs of a discerning investor with a net lettable area of 2,865sqm. The property's capital value has seen a remarkable increase of 57.73% from $4,850,000 in 2017 to $7,650,000 as of June 2021, further validated by the HouGarden AVM of $7,335,000. The latest sales history is a testament to its worth, with transactions recorded at $7,350,000 in 2021 and a recent sale at $9,250,000 in 2024.

For the astute investor, the property presents an 8-year lease to a reliable tenant with Metal Concepts Ltd, and the prospect of favorable rent reviews. The building, featuring high-quality offices over two levels with a premium refurbishment, also includes a clear span warehouse with an associated canopy, ensuring functional operations. This property is not only an investment gem in the tightly-held Wiri area but also enjoys the convenience of being within the zones of Manukau's esteemed educational institutions, such as Manurewa High School and Wiri Central School, both with a decile rating of 1.

With its impressive CV growth and strategic location, this property is a golden opportunity not to be missed.

Updated on October 16, 2024